NXT :: descendant of Bitcoin - Updated Information

[bizz]

People selling Nxt aren't going to be able to stomach the long term.  I remember seeing BTC fall from $31 to $2 in 2011.  It stayed around $2-$5 for so long.  I look at Nxt as a long term investment.  I'm not looking for any kind of return and I certainly wouldn't measure that in $'s.  Was your friend looking for a quick return to buy something?  Regardless, you made a very smart decision. 

There are only 2 long term investments in my crypto portfolio. BTC and NXT. I can't see anything else worth waiting.

[allwelder]

Important announcement

BCNext devised a way to handover unclaimed coins in such a way that doesn't require multisig and still keeps the spirit of decentralization.

nice idea

[msin]

People selling Nxt aren't going to be able to stomach the long term.  I remember seeing BTC fall from $31 to $2 in 2011.  It stayed around $2-$5 for so long.  I look at Nxt as a long term investment.  I'm not looking for any kind of return and I certainly wouldn't measure that in $'s.  Was your friend looking for a quick return to buy something?  Regardless, you made a very smart decision. 

There are only 2 long term investments in my crypto portfolio. BTC and NXT. I can't see anything else worth waiting.

Nxt is the first alt I've ever purchased.  I never even considered LTC or anything other than BTC....until now.

[msin]

@CFB.  I have a question regarding AM.  Can we make messages sent to any particular account public?  I was thinking we could use public messages as a feedback/trust system.  For example, if account "x" was selling something, I could go on blockchain explorer, lookup up that particular account, view public messages sent from previous users who had successfully purchased from account "x".  Thanks.

They r public by default.

Great, that's what I thought.  I'll see if nexern would be able to implement into Blockchain

Heard back from Nexern on including public messages (reputation system) with each account in BlockChain explorer as well as his new client.  He is going to include it.  We can now use public AM as a feedback/reputation system, since the transaction # will be associated with the message, you can check to make sure the transaction and feedback was legit and associated with a particular item for sale.  This will allow us to create simple listing markets (craigslist style), where most of the transaction can happen within the client from reputable sellers.

Still need some innovation but it's a step closer.

Would love to hear some input on this, before it gets buried in posts.

[DeadlyEskimo]

NXT could use more support at http://bitvestor.info, maybe a thread discussing main features and future potential. At close to 1000 visits a day, it could be good for NXT! Quality content is always more effective!

Disclosure: I own bitvestor.info and have a decent size stake in NXT   

[Damelon]

NXT could use more support at http://bitvestor.info, maybe a thread discussing main features and future potential. At close to 1000 visits a day, it could be good for NXT! Quality content is always more effective!

Disclosure: I own bitvestor.info and have a decent size stake in NXT   

Do you mean you'd like some people to come over and start some (quality) threads?

[salsacz]

NXT could use more support at http://bitvestor.info, maybe a thread discussing main features and future potential. At close to 1000 visits a day, it could be good for NXT! Quality content is always more effective!

Disclosure: I own bitvestor.info and have a decent size stake in NXT   

your forum has 20 members... we have 3 forums including this one, so if we got ddosed in all 3, we can come

[BitAddict]

People selling Nxt aren't going to be able to stomach the long term.  I remember seeing BTC fall from $31 to $2 in 2011.  It stayed around $2-$5 for so long.  I look at Nxt as a long term investment.  I'm not looking for any kind of return and I certainly wouldn't measure that in $'s.  Was your friend looking for a quick return to buy something?  Regardless, you made a very smart decision. 

There are only 2 long term investments in my crypto portfolio. BTC and NXT. I can't see anything else worth waiting.

Nxt is the first alt I've ever purchased.  I never even considered LTC or anything other than BTC....until now.

+1 Exactly the same here.

[DeadlyEskimo]

Haha ya i'm aware I am a member at the other forums! Like Damelon said I think it would be benificial to see support in as many places as possible, thats all. Just mentioning it and wanted to be open thats why I wrote the disclosure

[allwelder]

People selling Nxt aren't going to be able to stomach the long term.  I remember seeing BTC fall from $31 to $2 in 2011.  It stayed around $2-$5 for so long.  I look at Nxt as a long term investment.  I'm not looking for any kind of return and I certainly wouldn't measure that in $'s.  Was your friend looking for a quick return to buy something?  Regardless, you made a very smart decision. 

There are only 2 long term investments in my crypto portfolio. BTC and NXT. I can't see anything else worth waiting.

Nxt is the first alt I've ever purchased.  I never even considered LTC or anything other than BTC....until now.

may be we can buy QubicCoin from CFB .

[salsacz]

so I was thinkinkg..:

- we don't have a nice client
- we don't have nice exchanges
- we don't have full source code
- we don't have all functions

What does it mean?

We - all 15.000 Nxt users are pre-beta ORIGINAL STAKEHOLDERS

The Distribution of NXT is extremely fair - now it is 50 days when we are still in alfa version like in some IPO.

We haven't launched yet. We can forget about some 73 stakeholders... Now everyone has an opportunity to jump on the train... and also to drive him!

[btc2nxt]

so I was thinkinkg..:

- we don't have a nice client
- we don't have nice exchanges
- we don't have full source code
- we don't have all functions

What does it mean?

We - all 15.000 Nxt users are pre-beta ORIGINAL STAKEHOLDERS

The Distribution of Nxt is extremely fair - now it is 50 days when we are still in alfa version like in some IPO.

We haven't launched yet. We can forget about some 73 stakeholders... Now everyone has an opportunity to jump on the train... and also to drive him!

+1

[BitAddict]

so I was thinkinkg..:

- we don't have a nice client
- we don't have nice exchanges
- we don't have full source code
- we don't have all functions

What does it mean?

We - all 15.000 Nxt users are pre-beta ORIGINAL STAKEHOLDERS

The Distribution of Nxt is extremely fair - now it is 50 days when we are still in alfa version like in some IPO.

We haven't launched yet. We can forget about some 73 stakeholders... Now everyone has an opportunity to jump on the train... and also to drive him!

Epics words! No one could speak better

NXT is going to be huge 

[ImmortAlex]

Important announcement
...
BCNext will choose 10 people. I'll contact these people privately to ask for an account id. Each of them will create a special account and send it to me. 1M NXT will be sent to each account (10M total, not 9M, so the community is supposed to subsidize the public nodes by itself). Jean-Luc will be asked to add a special code that blocks outgoing transactions from these special accounts. When the community decides how to spend part of the unclaimed coins, Jean-Luc will change the code to allow partial withdrawals possible. 10 chosen ones will send 1/10th of the required amount to the account the funds r supposed to go to.

-1
It smells like... "One ring to rule them all"
Very bad idea to rule accounts and coins through code changing.

[BitcoinForumator]

so I was thinkinkg..:

- we don't have a nice client
- we don't have nice exchanges
- we don't have full source code
- we don't have all functions

What does it mean?

We - all 15.000 Nxt users are pre-beta ORIGINAL STAKEHOLDERS

The Distribution of Nxt is extremely fair - now it is 50 days when we are still in alfa version like in some IPO.

We haven't launched yet. We can forget about some 73 stakeholders... Now everyone has an opportunity to jump on the train... and also to drive him!

Epics words! No one could speak better

NXT is going to be huge 

True. I'm only afraid that some other TGV, maglev, anti-gravity train might come and outpace our steamer.

[Anon136]

Important announcement
...
BCNext will choose 10 people. I'll contact these people privately to ask for an account id. Each of them will create a special account and send it to me. 1M NXT will be sent to each account (10M total, not 9M, so the community is supposed to subsidize the public nodes by itself). Jean-Luc will be asked to add a special code that blocks outgoing transactions from these special accounts. When the community decides how to spend part of the unclaimed coins, Jean-Luc will change the code to allow partial withdrawals possible. 10 chosen ones will send 1/10th of the required amount to the account the funds r supposed to go to.

-1
It smells like... "One ring to rule them all"
Very bad idea to rule accounts and coins through code changing.

Its better than bcnext having control over all of the coins himself. Besides its only ~10million anyway. Thats only 1% of the total currency supply. Ideally the donors would have just claimed their coins, this is just a countermeasure to help deal with that problem. Not perfect sure but not bad either.

[ImmortAlex]

Important announcement
...
BCNext will choose 10 people. I'll contact these people privately to ask for an account id. Each of them will create a special account and send it to me. 1M NXT will be sent to each account (10M total, not 9M, so the community is supposed to subsidize the public nodes by itself). Jean-Luc will be asked to add a special code that blocks outgoing transactions from these special accounts. When the community decides how to spend part of the unclaimed coins, Jean-Luc will change the code to allow partial withdrawals possible. 10 chosen ones will send 1/10th of the required amount to the account the funds r supposed to go to.

-1
It smells like... "One ring to rule them all"
Very bad idea to rule accounts and coins through code changing.

Its better than bcnext having control over all of the coins himself. Besides its only ~10million anyway. Thats only 1% of the total currency supply. Ideally the donors would have just claimed their coins, this is just a countermeasure to help deal with that problem. Not perfect sure but not bad either.

Okey, take a look from the other side: it will be greatest anti-PR.
Just imagine: instead of writting code for multisig, devs just create code hacks to emulate multisig. Ugly code hacks.
"Hey, they premied 1 billion coin in code, now they spend coins in code, next time they block your coins in code! Greatest scam in history!!! Do Jean-Luc piss by BCNext's command?  " (Sorry, Jean-Luc, it is joke )

[dzarmush]

so I was thinkinkg..:

- we don't have a nice client
- we don't have nice exchanges
- we don't have full source code
- we don't have all functions

What does it mean?

We - all 15.000 Nxt users are pre-beta ORIGINAL STAKEHOLDERS

The Distribution of NXT is extremely fair - now it is 50 days when we are still in alfa version like in some IPO.

We haven't launched yet. We can forget about some 73 stakeholders... Now everyone has an opportunity to jump on the train... and also to drive him!

Well said, got it bookmarked.

[pandaisftw]

Important announcement
...
BCNext will choose 10 people. I'll contact these people privately to ask for an account id. Each of them will create a special account and send it to me. 1M NXT will be sent to each account (10M total, not 9M, so the community is supposed to subsidize the public nodes by itself). Jean-Luc will be asked to add a special code that blocks outgoing transactions from these special accounts. When the community decides how to spend part of the unclaimed coins, Jean-Luc will change the code to allow partial withdrawals possible. 10 chosen ones will send 1/10th of the required amount to the account the funds r supposed to go to.

-1
It smells like... "One ring to rule them all"
Very bad idea to rule accounts and coins through code changing.

Its better than bcnext having control over all of the coins himself. Besides its only ~10million anyway. Thats only 1% of the total currency supply. Ideally the donors would have just claimed their coins, this is just a countermeasure to help deal with that problem. Not perfect sure but not bad either.

Although, I'd say having BCNext and c-f-b have control for the time being is sufficient, because if either of them disappear, NXT will have larger problems than distributing bounties.

When multisig is implemented, the coins can be transferred to a new account protected by multisig. Multisig only requires a majority, so unlike the method proposed, someone can't just hold 1mil NXT hostage.

[keccak512]

NXT is an innovative crypto-currency and there are some clever, powerful ideas behind it.

It's too bad the code base isn't a little stronger, but this will improve over time.

Well done.